ASX up 1% as all sectors make gains

Summary

• The ASX 200 rose as much as 0.8% on Tuesday, clawing back Monday's losses 
• Rio Tinto shares slipped despite the company reporting iron ore shipments jumped 8% in final quarter of 2020, and are forecast to reach 340Mt this year 
• Shares in Bingo Industries jumped 23% to a new record $3.39 on confirmation it had received a $3.50 per-share takeover offer from funds advised by CPE Capital
• US markets were closed overnight for Martin Luther King Jr Day. European stocks were mixed